Printable Format33-101. Trusts. All gifts and conveyances of goods and chattels, made in trust to the use of the person or persons making the same shall, to the full extent of both the corpus and income made in trust to such use, be void and of no effect, regardless of motive, as to all past, present or future creditors; but otherwise shall be valid and effective.
History: G.S. 1868, ch. 43, § 1; R.S. 1923, 33-101; L. 1949, ch. 274, § 1; June 30.
Law Review and Bar Journal References:
Symposium on statutes of limitation, 9 K.L.R. 180, 181 (1960).
Validity of revocable trusts, 11 K.L.R. 375, passim (1963).
Survey of real property and future interests, James K. Logan, 12 K.L.R. 324 (1963).
Rights of surviving spouse in trust property, David R. Hederstedt, 13 K.L.R. 145, 147, 148 (1964).
1963-65 survey of future interests and estate planning, James K. Logan, 14 K.L.R. 293, 304 (1965).
Express personal trusts, Candler S. Rogers, 14 K.L.R. 461, 465 (1966).
1965-69 survey of estate planning and future interests, James K. Logan, 17 K.L.R. 455, 465 (1969).
Creditor's remedies under civil procedure code in case of fraudulent conveyance, Charles L. Frickey, 17 K.L.R. 501 (1969).
Validity of spendthrift trusts, James G. Butler, Jr., 9 W.L.J. 75, 77 (1970).
Invalidating revocable trusts where grantor is also trustee and beneficiary; Uniform Probate Code, Verne M. Laing, 42 J.B.A.K. 139, 185 (1973).
"Professional Liability Insurance: Implication of Termination," Wayne T. Stratton, 77 J.K.M.S. 255, 259(1976).
"Will Substitutes in Kansas," Jana J. Deines and Michael E. McMahon, 23 W.L.J. 132, 151, 153 (1983).
"Decedents Estates: Revocable Trusts and The Surviving Spouse's Share: How Much Is Enough? [Newman v. George, 243 Kan. 183, 755 P.2d 18 (1988)]", Gary Patterson, 28 W.L.J. 430, 436 (1989).
"The Capricious Operation of the Kansas Elective Share: Feast or Famine for the Surviving Spouse," John W. Kuether and Willard B. Thompson, 61 J.K.B.A. No. 10, 32, 34 (1992).
"The Kansas Uniform Fraudulent Transfer Act," Leon B. Graves, 68 J.K.B.A. No. 6, 34 (1999).
CASE ANNOTATIONS
1. Voluntary assignment in trust for benefit of creditors held void. Clark v. Robbins, 8 Kan. 574.
2. Confession of judgment by insolvent held void against creditors. Manley v. Larkin, 59 Kan. 528, 531, 53 P. 859.
3. Transactions between husband and wife considered. Oliver v. Sample, 72 Kan. 582, 84 P. 138.
4. Cited in holding assignment for creditors void. Mullinville State Bank v. Olson, 134 Kan. 497, 499, 7 P.2d 37.
5. Assignment for consideration though worth more than debt secured, not within section. Bennett v. Christy, 137 Kan. 376, 377, 20 P.2d 813.
6. Section and trust agreement construed and agreement held void hereunder. Herd v. Chambers, 158 Kan. 614, 615, 621, 622, 624, 627, 628, 629, 149 P.2d 583.
7. Trust certificate executed by husband belonged to widow's estate; husband trustee, widow beneficiary; title vested on death. In re Estate of Morrison, 189 Kan. 704, 708, 709, 371 P.2d 171.
8. Trust reserving income to settlor with power to revoked valid except as to creditors and statutory rights of surviving spouse. Ackers v. First National Bank of Topeka, 192 Kan. 319, 320, 323, 325, 387 P.2d 840; Rehearing denied: 192 Kan. 471, 472, 389 P.2d 1.
9. Voluntary trust of personal property; nature and validity; effect as to creditors. Gross v. Douglass State Bank, 261 F. Supp. 1002, 1003, 1006, 1007.
10. Purpose mentioned in concurring opinion; trust not testamentary where settlor retained life interest and reserve power to revoke. In re Estate of Ingram, 212 Kan. 218, 231, 510 P.2d 597.
11. Cited; revocable inter vivos trust created by husband without wife's consent examined. Newman v. George, 243 Kan. 183, 186, 755 P.2d 18 (1988).
12. IRA considered revocable inter vivos trust subject to rights of nonconsenting surviving spouse. McCarty v. State Bank of Fredonia, 14 Kan. App. 2d 552, 560, 795 P.2d 940 (1990).
13. Cited where discretionary trust for nongrantor beneficiary held not a resource for purpose of public assistance eligibility. State ex rel. Secretary of SRS v. Jackson, 15 Kan. App. 2d 126, 130, 803 P.2d 1045 (1991).
14. Cited where K.S.A. 9-1215 construed to exclude payable-on-death accounts from all provisions of probate code. Snodgrass v. Lyndon State Bank, 15 Kan. App. 2d 546, 552, 811 P.2d 58 (1991).
15. Action by widow of testate decedent to invalidate inter vivos trusts and have assets transferred to probate estate examined. Taliaferro v. Taliaferro, 252 Kan. 192, 195, 843 P.2d 240 (1992).
16. Expenses paid by widow from her funds not entitled to reimbursement from trust. Taliaferro v. Taliaferro, 269 Kan. 722, 7 P.3d 1241 (2000).
17. Mentioned in IRS case involving transfers to children's trusts but used by taxpayer for personal expenses. In re Krause, 386 B.R. 785, 837 (2008).